In 2018, your company purchased a front end loader for $150,000, and a dump truck for $85,000.

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Question:

In 2018, your company purchased a front end loader for $150,000, and a dump truck for $85,000. The front end loader was placed in service in April, 2018 and the dump truck was placed in service in July, 2018. Determine the depreciation allowed for tax purposes for the 2018 tax year. The tax year runs from January to December. Use the half-year convention.